Voyager Digital (VYGVF) Stock Price, News & Analysis

Voyager Digital Ltd. is a growth-oriented cryptocurrency trading platform listed on the Toronto Stock Exchange in Canada and in OTC markets in the United States. The company was founded in 2018 as Voyager Digital (Canada) Ltd. but changed its name to Voyager Digital Ltd in 2020 to prevent misunderstandings with the public. The company is headquartered in New York City and serves the U.S. and Canadian markets. Voyager Digital Ltd is a licensed and regulated financial institution, account holders are eligible for FDIC insurance of up to $250,000 per account.

The firm's mission is to bring transparency to the cryptocurrency marketplace along with choice and affordability. The platform supports more than 100 cryptocurrency assets and can be accessed via the Internet and Mobile connections. Among the many features and options available to clients is the ability to invest in 39 income-generating cryptocurrency assets that can pay as much as 12% annually. The only requirement to receive rewards is to hold a minimum balance and, in some cases, higher balances earn higher rewards.

The company’s primary product is the app. The Voyager Digital App is a simple interface that allows users to access their cryptocurrency holdings and trade, send or receive them. The platform supports primary coins, stablecoins, defi coins and a wide range of altcoins. Investors that want to earn annual rewards only have to hold defi coins in their wallets. Returns are paid in the same or a related coin that can be held, traded, and used to compound returns. The app includes several features for traders including recurring purchases, limit orders, and sell triggers. Account holders can also refer new businesses and earn free cryptocurrency rewards.

Voyager Digital also offers the Voyager Debit Card. The Voyager Debit Card is linked to a Voyager Digital account and allows users to spend in USD Coin. Holding USD Coin also earns up to 9% annually, the card can be used anywhere Debit Mastercard is accepted. Voyager Digital also has its own token, VGX. The VGX program is linked to the debit card and allows holders to earn extra rewards. In addition, the VGX tokens can be staked. Staked tokens earn a 7% annual interest rate and are used to provide liquidity on the platform.

Voyager Digital Ltd. also operates Coinify ApS. Coinify ApS is a technology solution for merchants and consumers that facilitates the exchange of cryptocurrency assets. The company is run by Stephen Ehrlich who is a co-founder, a member of the board, and the CEO. Mr. Ehrlich has a rich history of experience that includes tenure at E*Trade where he led the company through 8 mergers and acquisitions.